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Notification of trade

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Bjarte Bruheim, a Board Member in Norse Energy Corp. ASA, has on January 15th 2009 entered 6 months forward contract of 14.000.000 shares in Norse Energy Corp ASA at strike NOK 3,7059

Bjarte Bruheim controls 11.300.000 shares and 14.000.000 forwards in Norse Energy Corp. ASA after this transaction.

For further information please contact:
Anders Kapstad, CFO
Phone: +47 67 51 61 12
Cell: +47 918 17 442
E-mail: akapstad@norseenergy.com